The acting chairman of Nigeria’s Federal Inland Revenue Service (FIRS), during a 3 September 2015 meeting with tax consultants, addressed steps for improving the administrative and revenue collection efforts of the tax agency. Along these lines, the FIRS acting chairman expressed an intention to enforce a requirement that every company must pay tax, at a rate of 30%, on any “interim dividend” declared, and to regard this as an advance payment of the tax due on profits.
Among other proposals for effective tax administration are measures for:
Read a September 2015 report [PDF 213 KB] prepared by the KPMG member firm in Nigeria.
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